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India Allows Commercial Coal Mining

Coal News - Published on Mon, 18 May 2020

Image Source: Commercial Coal Mining
Indian government has decided to permit commercial mining of coal. Earlier, only captive consumers with end-to-end ownership could bid for the coal mines. Now any one can bid and sell the produce in the open market on commercial terms. India’s Finance Minister Ms Nirmala Sitharaman said “Nearly 50 blocks will be offered immediately. There would be no eligibility conditions apart from upfront payment with a ceiling.”

Also, against the earlier provision of auction of fully explored coal blocks, now even partially explored blocks could be auctioned. Production, earlier than schedule, will be incentivised through rebate in the revenue share.

The government will also incentivise coal gasification or liquefaction through rebate in the revenue share.

Source :

Posted By : Yogender Pancholi on Mon, 18 May 2020
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